NetIndian
www.netindian.in
Escorts ties up with Ingeteam of Spain for railway traction systems
Business & Economy

Escorts ties up with Ingeteam of Spain for railway traction systems

NetIndian News Network

New Delhi, October 16, 2011

Engineering major Escorts Limited, a leading manufacturer of critical railway components, has signed an exclusive agreement with Ingeteam Traction of Spain to provide world class traction systems to Indian Railways.

The product has large scale application on Electric Locomotives, Diesel-Electric Locomotives, Diesel Electrical Multiple Units (DEMU) and Electric MultipleUnits (EMU) of Indian Railways, a press release from Escorts said. The product can also be used on metro rail coaches, it said.

The agreement marks Escorts' entry in the niche domain of rail traffic systems. To begin with, Escorts will supply Traction Control Converter (TCC) and Locomotive Control Converter (LCC) with accessories for DEMU application on Indian Railways.

Mr.Vikram Singhal, Executive Director & Business Head for Escorts Engineering Division, said, "This partnership strengthens Escorts' commitment to bring in world class technology to Indian Railways and help realize its 2020 visionin upgrading the rolling stock in terms of technology, comfort and safety standards. We are constantly involved in providing state-of-the-art expertise which will ensure the growth and modernization of Indian Railways."

Mr. Angel Laurietta, CEO, Ingeteam said, "This agreement aims to establish a solid offer of traction systems for rolling stocks located in India. Together with Escorts, this agreement allows us to be participants in the large scale expansion plans of Indian Railways, providing open and first technological level solutions."

Ingeteam, a Spanish company, has over 60years of experience in the electrical sector and more than 35 years in the electronics sector.

It is a market leader in electrical equipment, motors, generators and VVVF power converters serving energy, industry, marine and rail traction sectors. The partnership will help Escorts offer solutions to Indian Railways for its requirement of IGBT based traction system with open protocol, the release added.

NNN